OREGON, OHIO — Premier Design + Build Group LLC has completed construction on a 10,636-square-foot medical building in Oregon, a southeast suburb of Toledo. The facility includes two ambulatory surgery procedure rooms, recovery and therapy areas and private ultrasound and massage areas. DECA Health occupies the building, located at 846 S. Coy Road.
CHICAGO — Jones Lang LaSalle was named the new leasing agent for a 142,000-square-foot industrial facility located at 1400 Harris Road. New Jersey-based real estate investment firm The Silverman Group owns the building. The building is one of two buildings in the Liberty Point Corporate Center and has 110,427 square feet of available space. Tenants include Culligan International Co., Tire Centers LLC and Laser Precision. The building was constructed in 2007 and includes 11 dock doors, ESFR sprinklers, parking for 218 cars and 26-foot ceiling clears.
DULUTH, MINN. — The original Duluth Fire House No. 1 on Third Street has become an affordable housing apartment complex, following a $12 million renovation. The project included renovating the old arched fire hall to create a 40-unit complex called The Firehouse and Firehouse Flats. The units feature open floor plans, energy-efficient appliances including washer/dryer units and island kitchens. Several units are designated for residents who have experienced chronic homelessness. Community amenities include a fitness center and storage. MetroPlains LLC developed the project. The Greater Minnesota Housing Fund provided $3.5 million for the project and Minnesota Housing secured $1.4 million in financing. A partnership between UnitedHealthcare and U.S. Bank provided $7.1 million in Low Income Housing Tax Credit equity for the project.
PITTSBURGH — Faros Properties has purchased the majority interest of Washington Plaza, a 24-story apartment building in Pittsburgh, and will manage the property. The multifamily property, which is located at 1420 Centre Ave., spans 350,000 square feet. Currently at 96 percent occupancy, the apartment building includes 390 studios and one- and two-bedroom units that range from 460 to 1,180 square feet. Faros Properties said that the building will undergo extensive interior and exterior renovations later this year. Washington Plaza is Faros Properties’ first residential project, as the company owns three office buildings in New York and Connecticut. A purchase price was not disclosed, however, the Pittsburgh Business Times, reported in February that it was $48 million.
NAPANOCH, N.Y. — Napanoch Valley Mall, located at 7500 Route 209, has sold for $5 million to Walmart Stores Inc.. The mall, which sits on a 20-acre site, will be redevelop into a 130,000-square-foot Walmart and include an adjoining 7,600-square-foot retail plaza. The Napanoch Post Office and three retail tenants will occupy the new space. Crossroads Cos. represented the seller, Napanoch Valley Mall LLC, in the deal. Tree Line Real Estate represented Walmart Stores. Located in western Ulster County, Napanoch is situated at the junction of Routes 209 and 55. The nearest retail centers are 40 minutes away in Middletown or Kingston.
NORWALK, CONN. — Houlihan-Parnes Realtors LLC and Q10 Realty Advisors LLC have arranged a $2.3 million mortgage on 83 East Ave., a 40,000-square-foot office and medical building in Norwalk. The property is undergoing capital improvements including a new lobby, bathrooms, elevators, landscaping, exterior lighting and painting. The office building is home to 18 tenants and is managed and leased by GHP Office Realty. The interest-only loan was placed with a local bank at an interest rate of 4.25 percent for a two-year term and an option to extend. Bryan Houlihan and James Houlihan of Houlihan-Parnes arranged the loan. Ray Cohen of Chicago Title arranged the title. Robert Ocko of Harrington, Ocko & Monk LLP represented the borrower.
BOSTON — CBRE has arranged the sale of The Beacon Hill Portfolio, a 16-unit apartment portfolio, which includes 24 Joy St. and 88 W. Cedar St., located in Boston’s historic Beacon Hill neighborhood. The portfolio consists of two four-story apartment buildings that were built in the late 1800s. Beacon Hill Apts. LLC, a private partnership led by Luzern Associates LLC, sold the portfolio to an affiliate of The Copley Group.
THE WOODLANDS, TEXAS — Realm Realty has purchased a 1.79-acre site for a Walgreens in the Village of Creekside Park in The Woodlands. The new store will be located at the corner of Kuykendahl Road and New Harmony Drive, near the new Creekside Park Village Center. Construction for the store will begin within the next six months. The store will include a drive-thru pharmacy. Realm Realty was self-represented in the land transaction by Thomas McAlister and David Stern. Todd Edmonds of Colliers International represented the seller, The Woodlands Development Co.
SAN ANTONIO — McCann Realty Partners has acquired the 324-unit View at Encino Commons Apartments in San Antonio. The garden-style community features a clubhouse, fitness center, resort-style swimming pool, attached garages and a movie theater. Pegasus Residential will manage the apartment community.
LEWISVILLE, TEXAS — Greenville, S.C.-based CapHarbor Property Management has awarded Cushman & Wakefield of Texas Inc. the leasing assignment for Vista Ridge I and II in Lewisville. Vista Ridge is a pair of two-story, 121,200-square-foot office buildings located at 700 and 750 State Highway 121 Bypass. The buildings are fully leased to long-term tenants including STA Travel and Parago Inc. Matt Schendle and Cynthia Cowen of Cushman & Wakefield will oversee leasing.
